asked
I received custody of my daughter in November 2012. Her mother and I were never married. Previously, the mother had custody and claimed her on her tax returns. Am I now able to claim my daughter on my 2012 tax return or do I need to wait until 2013?
February 22nd, 2024
I sold my property on a land contract effective 9/1/2010. I considered their payments as rent until all the terms of the contract were met. Am I required to issue a 1099 Int for 2010, 2011, 2012, and 2013? I never thought about it and they never asked until now. If so, what do I do about 2010 & 2011? I have shown it as rental property/income on my taxes.
March 12th, 2023
My family and I want to open a bank account for my brother who was in a terrible fire. We have been fundraising for him and will have a benefit for him in a few months. What type of bank account should we open for expenses, donations, donations via his webpage, and from the media sharing his story and our need for help with donations? Also, will the people on the account have their social security numbers be taxed on this or just the account name with the EIN number?
April 13th, 2023
How should fringe benefits for a C Corp's highly compensated employee be reported, considering they are not subject to Social Security and Medicare according to Pub 15B, Fringe Benefit Overview, Table 2-1?
April 29th, 2023
I own an LLC in California and have not filed taxes since 2008. I owe both state and federal taxes for the LLC and personally. I would like to set up a payment arrangement with the IRS, and I believe that I owe at least $100,000. Will the IRS accept an arrangement from me, and what would be the best way to go about getting that done?
April 5th, 2024
In Sept 2012, I moved from Texas to NJ and worked with a property manager in Texas to complete a Rental Makeready to convert my home to a rental property. A tenant took occupancy in Jan of 2013. Am I able to deduct makeready expenses from 2012 for a rental property that did not earn until 2013?
July 19th, 2023